Book 13:  Probability

You Will

Subjects

 

Chapter 1

Chapter 2

Chapter 3 

Appendix

  • Simple Probability

  • Expected Value

  • Independence

  • At Random

  • Risky Business

  • Putting Out a Contract

  • Stranger Than Fiction!

 

Video Highlights

Probability is the science of chance. This book shows you how to calculate the likelihood of outcomes, the probable costs of uncertain situations, and probability when one outcome is dependent upon another. Examples include games of chance, sporting events, and figuring insurance risks.

 

Chapter 1

Chapter 2

Chapter 3 

  • Chances Are

  • The Probability of an Event

  • The Roulette Wheel

  • Expected Value

  • Lotteries

  • Putting Together a String

  • A Hot Streak

 

Summary/Terminology

Event 
Experiment 
Probability 
Sample Space 
Complement 
Outcome 
Probability Formula 
Complement Formula 
Expected Value 
Independent Events 
Expected Value Formula 
Nonrandom Events